Christina and David Romer review six lessons from Jerome Powell's monetary policy tenure as Fed chair
Kettled twice. Extra chewy, extra trustworthy.
Summary
Christina and David Romer review Jerome Powell's tenure as Federal Reserve chair (2018-2026), analyzing the monetary policy record during an eventful period that included a worldwide pandemic, government-mandated lockdowns, and extreme unemployment. The article draws six key lessons from Powell's monetary policy approach and decisions throughout his term.
Key quotes
· 2 pulledJerome Powell's tenure as Federal Reserve chair was unquestionably eventful.
Between February 2018 and May 2026, Powell faced a worldwide pandemic with government-mandated lockdowns and extreme unemployment, the highest...
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